Dubai Islamic Business Finance is a Sharia-compliant term financing service that provides a complete solution to meet the financial needs of your business. Using the Shirkatul Melk cum Ijara model, DIBPL establishes a Shirkatul Melk relationship with you by purchasing an undivided part of your residential property and subsequently rents this undivided part of the property to you against monthly rentals, helping you to conveniently meet your business needs and in a way that is fully compatible with Sharia. This product is available to both new and those who already have a business finance service from another bank and want to do Islamic-style banking.
Dubai Islamic Business Finance offers two product variants:
> Purchase of undivided shares (New to Bank / Fresh)
> Purchase of an undivided part of the property of other banks (balance transfer
Dubai Islamic Bank Business Finance Benefits
1) The only product of its kind available on the market.
2) Compliant with Sharia
3) Minimum financing amount of Rs. 500,000
4) Maximum funding up to Rs. 20 million*
5) Fast application processing time
6) Affordable and competitive monthly rent
7) Financing up to 70% of the value of your property
8) Early and partial settlement options *
9) Option to reschedule deadlines *
10) Takaful courtesy property
Dubai Islamic Bank Business Finance Eligibility
a) Pakistani national
b) Age 25-60 years
c) Minimum monthly net income of Rs 50,000 for freelancers / entrepreneurs / professionals
d) The property must be located in the following cities:
a. Karachi
b. Lahore
c. Islamabad
d. Rawalpindi
e. Faisalabad
f. Multan
g. Bahawalpur
h. Sialkot
i. Gujranwala
j. Hyderabad
k. Peshawar
Dubai Islamic Bank Business Finance Documents Required
a) Copy of the CNIC of the main applicant
b) Copy of the CNIC of the Co-partner, if necessary
c) 2 passport size photographs
d) Tax returns
e) Copy of the utility bill
f) Professional title (only for self-employed professionals)
g) Proof of profession
h) Bank statement for the last 12 months and bank certificate
Dubai Islamic Bank Business Finance Apply Online
Click to visit the official website to apply for Business finance: https://www.dibpak.com/index.php/consumer-financing/business-finance/